NSE signs MoU with SUFI to collaborate and jointly develop the Indian Steel and Commodity derivatives ecosystem

National Stock Exchange of India Limited (NSE) has signed a Memorandum of Understanding (MoU) with the Steel Users Federation of India (SUFI) to collaborate on the development and growth of the Steel and any other relevant commodity derivatives ecosystem in India. The partnership aims to create a robust, transparent and efficient price-risk management framework for the Indian steel industry participants, enabling them to hedge price volatility through exchangetraded derivatives. The initiative is expected to benefit a wide range of stakeholders including steel manufacturers, processors, MSMEs, OEMs, infrastructure companies, end-users, etc.